Pictet Asset Management Holding SA Buys 66,070 Shares of Quanta Services, Inc. $PWR

Posted by Francis Steltz on Nov 8th, 2026

Pictet Asset Management Holding SA grew its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,599 shares of the construction company’s stock after buying an additional 66,070 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Quanta Services were worth $231,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Quanta Services by 4.7% in the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after acquiring an additional 296,893 shares during the period. Bank of America Corp DE lifted its holdings in Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after acquiring an additional 175,184 shares during the period. Royal Bank of Canada boosted its position in Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after purchasing an additional 83,363 shares during the last quarter. First Trust Advisors LP boosted its position in Quanta Services by 18.3% in the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after purchasing an additional 155,529 shares during the last quarter. Finally, Amundi boosted its position in Quanta Services by 10.3% in the first quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after purchasing an additional 54,237 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Analyst Ratings Changes

Several research firms have recently commented on PWR. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a research report on Friday, August 7th. Sanford C. Bernstein upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $748.00 to $775.00 in a research note on Thursday, September 24th. Oppenheimer dropped their price objective on shares of Quanta Services from $835.00 to $800.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. UBS Group restated a “buy” rating on shares of Quanta Services in a research report on Monday, August 17th. Finally, The Goldman Sachs Group set a $781.00 target price on shares of Quanta Services in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $763.81.

Check Out Our Latest Stock Report on Quanta Services

Quanta Services Price Performance

Shares of Quanta Services stock opened at $540.88 on Friday. The stock has a market cap of $81.50 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16. The stock’s fifty day moving average is $628.83 and its 200 day moving average is $626.39. Quanta Services, Inc. has a one year low of $408.36 and a one year high of $788.75.

Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. Quanta Services’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.33 earnings per share. Sell-side analysts anticipate that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s payout ratio is presently 3.99%.

Quanta Services Profile

(Free Report)

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.